The Zimbabwe Independent

business weeklyA question I often get asked from my business owner clients is “what reports should I be asking for so that I can keep my finger on the pulse on my business”. In the example below, pushing the Professional Fee and Recruiting payments into weeks where the expected cash balance is a bit higher and not below the $100,000 comfort level is a potential solution to stay above $100,000 (or whatever level the business finds comfortable for operations).

On the other side of the equation for cash flow projections are cash disbursements , otherwise known as cash payments In a well-run organization, these are much easier to project since there are generally good controls on who is authorized to spend and when payments are made.

Instead, the basics of small business accounting come down to a handful of best practices and only├é three essential reports: your balance sheet , income statement , and cash flow statement These might sound like they require a professional bookkeeper, but far from it.

Whether you are facilitating a committee, an office full of people, or focusing on your own individual business, the 5:15 report will help you and the people you are working with to stay on target, shorten meeting times and allow space for everyone to acknowledge what they accomplished, what worked and what they would like to change.business weekly

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